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#1 |
Registered User
Join Date: Aug 2002
Location: Muskogee, Oklahoma
Posts: 2,914
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Classic Truck Insurance
Called my State Farm insurance guy today to check pricing on Full coverage insurance for my truck, and to my surprise they are way cheaper than the classic car insurance company I was using. I was using Condon and Skelly Classic car insurance and with them I was paying 180 yr. With State farm for the same agreed value I will only be paying 80 yr. I feel alot better now that I have insurance on the truck, I let it lapse when I tore it down a year ago because I knew I wouldnt be driving for awhile, anyways I guess what i'm trying to say is you can get good cheap insurance for your old truck!
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#2 |
1965 Chevy C10, 2005 4.8L/4l60
![]() Join Date: Aug 2004
Location: DFW Texas
Posts: 8,549
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Re: Classic Truck Insurance
yes but! they will only pay the "going rate" for a vehicle in like condition. So if your truck is a 8 ( 1-10 scale) and those trucks go for around $5k, that is the best you can hope for. If you have $25K in it, you get $5K, that is it. period. I am talking with my agent (SF) and they say agreed value is only setting the max, not the actual offer if the total happens.
Detailed pictures and ALL receipts are a big plus, but the above stands to be true. Only the going rate of a like vehicle in like condition.
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Clyde65 Rebuild of Clyde http://67-72chevytrucks.com/vboard/s...84#post8338184 69 Aristocrat Lo Liner build http://67-72chevytrucks.com/vboard/s...84#post7561684 ![]() ![]() ![]() support our troops! |
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#3 |
Registered User
![]() Join Date: Feb 2011
Location: prescott, az
Posts: 225
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Re: Classic Truck Insurance
I have been shopping around for insurance as well and have been getting nowhere. I would really like to get classic car insurance so I would actually get reimbursed if something happened. But all of the classic car insurance companies will only let you drive to car shows and I drive my truck regularly. Whats the point of paying for full coverage if they won't give you what your trucks worth? Heck, I would be willing to pay extra if I could get a fair value.
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1971 C20 Longhorn Custom Camper |
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#4 |
Registered User
Join Date: Jan 2005
Location: Clearlake Oaks CA
Posts: 1,716
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Re: Classic Truck Insurance
![]() If its :Stolen Catches Fire Wrecked Totaled out.... I get $16K...Period. Had to send them pictures of the Truck, The Body Work, Restoration Pictures. I pay $260.00 a year. $80.00 is a great Deal, but not knowing State Farm, that $80.00 a year doesn't sound like it will cover much. I fired different Scenarios at my Agent before I bought my Insurance. Once he answered/Explained them, I felt comfortable in dropping my Insurance with "Farmers" and going with "JC Taylor". In fact it was my Farmers Agent that turned me on, to them and he is my "contracted Agent Of Record", so if I have a Claim I just call him up and he does the rest. All the rest of my Vehicles/House are still Insured with Farmers though.
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Hello members... I'd like you to know that I sold, my 72 GMC (Ratikle), back in November of 2011. I don't visit the site much anymore, but please feel free, to drop me a private message. RIP...."RATIKLE" |
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#5 |
Registered User
Join Date: Aug 2002
Location: Muskogee, Oklahoma
Posts: 2,914
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Re: Classic Truck Insurance
All good points, I will double check to see if my truck gets stolen I will get the agreed value of 15K. With my other insurance that was the case, we agreed that the value was 10k then and thats what they guaranteed I would recover.
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#6 |
Registered User
![]() Join Date: Feb 2011
Location: prescott, az
Posts: 225
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Re: Classic Truck Insurance
WWOTR,
Does JC Taylor limit how much you can drive? Or where to? I thought about getting it anyways, but I would hate to have claim denied because I was running errands in my truck.
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1971 C20 Longhorn Custom Camper |
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#7 |
Registered User
Join Date: Feb 2010
Location: Southern California
Posts: 543
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Re: Classic Truck Insurance
I use hagerty, I can drive 4000 (or 5000 - can't remember) a year. I drive it less than 4000/year. A bit more expensive, if I recall around $300 a year. With a replacement value of $25,000.00. Provided pics/documentation.
Posted via Mobile Device Posted via Mobile Device
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Doug '72 GMC K2500 Suburban 4x4 |
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#8 | |
Registered User
Join Date: Jan 2005
Location: Clearlake Oaks CA
Posts: 1,716
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Re: Classic Truck Insurance
Quote:
I believe (as in the other post), the mileage is limited to 4-5K a year, but if you were running an errand within that Mileage it wouldn't matter. I know a lot of Companys limit your driving to Parades, Club Outing, Pleaseure Cruising, (well EVERY time I cruise in my Truck, it's a Pleasure)! ![]()
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Hello members... I'd like you to know that I sold, my 72 GMC (Ratikle), back in November of 2011. I don't visit the site much anymore, but please feel free, to drop me a private message. RIP...."RATIKLE" |
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#9 |
Registered User
Join Date: Jan 2011
Location: Lynn Haven Florida
Posts: 1,019
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Re: Classic Truck Insurance
I have grundy worldwide with an agreed value of $25,000 and they give me unlimited milege and all the bells and whistles for $194 a year
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#10 |
Registered User
![]() Join Date: May 2010
Location: Redding, Ca
Posts: 371
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Re: Classic Truck Insurance
I have grundy worldwide as well with an agreed value of $20,000 and they give me unlimited milege and all the bells and whistles but because I'm in Ca. it cost me $311 a year
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#11 |
The Niner
![]() Join Date: Nov 2010
Location: Broad Brook, CT
Posts: 2,514
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Re: Classic Truck Insurance
Hagerty here, $200 a year.
$15000 value, unlimited mileage. They seemed to be more concerned that it was garaged than anything else.
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"A good racer is one whose head is in communication with his balls." - Richie Evans 1970 C/20 - 402/TH400/3.54s - 74K miles 2003 GMC Sierra 2500 - Wheatland Yellow Niner Progression Thread: http://67-72chevytrucks.com/vboard/s...d.php?t=697183 Classic Trucks article: https://www.motortrend.com/features/...et-c20-driven/ |
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#12 |
Registered User
![]() Join Date: Feb 2009
Location: Redding, Ca
Posts: 333
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Re: Classic Truck Insurance
Back to State Farm, I got my policy from them. I have had them since I started driving. I met with agent, he said once the truck met certian restoration criteria, and once the underwriter signed off on it, I was good to go. I wrote it for $15k, agent had me bring by, took photos, verified it was restored, I had my policy. It was about $100 per year, cheaper than all my other cars. Cash pay out, no milage limit. Great deal.
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#13 | |
Registered User
Join Date: Jan 2005
Location: Clearlake Oaks CA
Posts: 1,716
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Re: Classic Truck Insurance
Quote:
There is some great info here though. If I was putting more Miles on my Truck, I like what Haggerty has to offer. So far no matter WHAT company is mentioned in this Thread, it looks like I'm paying the highest premium. ![]()
__________________
Hello members... I'd like you to know that I sold, my 72 GMC (Ratikle), back in November of 2011. I don't visit the site much anymore, but please feel free, to drop me a private message. RIP...."RATIKLE" |
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#14 |
Registered User
Join Date: May 2011
Location: Covington, Wa
Posts: 5,247
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Re: Classic Truck Insurance
I use Country Insurance on my 64 Impala and have a stated value of 15k. Agent came to my house, took a couple pics and said no problem, keep a list of any more improvement and receipts and they'll cover those as well if a total loss. This covers theft, accident, tree falls on it, garage burns down... anything. Also no mileage limit or anything of the such and the big thing for me was no waiver for altered suspension... a lot of companies have a no air bag or hydraulic policy that they don't bother to tell you about until you have a total loss and are trying to get paid for your suspension work. Hope this helps.
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#15 | |
Registered User
Join Date: Aug 2002
Location: Muskogee, Oklahoma
Posts: 2,914
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Re: Classic Truck Insurance
Quote:
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#16 |
C-10 Club Member
Join Date: Mar 2010
Location: Corona,CA
Posts: 1,001
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Re: Classic Truck Insurance
I have my 69 Insured through American Collectors.
$135 a year with a 17.5K agreed value. Its a toy car and I set it up for under 4K miles a year. Where ever you buy insurance make sure the policy states agreed value.....I wouldn't trust anything else besides seeing it in print.
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1969 Short Fleet 350/SM465 4.5/6.5 ECE drop 20" Raceline Wheels 1998 2dr Tahoe 5/7 drop 20"/22" Coys-sold Build thread...http://67-72chevytrucks.com/vboard/s...d.php?t=401910 Last edited by Cole Trickle; 05-19-2011 at 12:10 PM. |
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#17 |
Registered User
Join Date: Jun 2010
Location: Upland Ca
Posts: 4,150
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Re: Classic Truck Insurance
I've had American Collectors for many years on my 2 vettes and my 72 C10. A word of caution about collectors or classic insurance and it applies to most of them, be sure to look at the fine print. You shall have a registered insured daily driver for every one 15 and over living in the residence. It needs to have a locked garage stall. If it gets stolen from a parking lot like a school, grocery store, Lowe's or home depot, movie theater, or from in front of your house it's not covered. This type of insurance is inexpensive for a reason, the chance for a loss is greatly reduced by limiting the miles and places it will be.
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1972 C10 SWB, Air, PS, PB, 350/350THM. Second owner. 1965 Corvette roadster, 44K miles, 327/365 SHP, 4 speed, side exhaust, knockoffs, teak, second owner (bought in 1970), Have ALL numbers matching components. My frame off restoration thread: http://67-72chevytrucks.com/vboard/s...d.php?t=556703 |
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#18 |
go cyclones
Join Date: Jun 2003
Location: Ames, IA
Posts: 1,883
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Re: Classic Truck Insurance
Has anyone ever have to have their truck totalled through one of these specialty insurance brokers?
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#19 |
Senior Member
![]() Join Date: Nov 2010
Location: Lordstown, OH / Wentzville, MO
Posts: 870
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Re: Classic Truck Insurance
<-------State Farm for my '67. Covered to 10K for $75 a year but can be more whenever I want. They said that if I wanted more than 20K they needed more pics and short walk around video if possible. I sent them pics from my phone to get insurance on it......they've never even seen the damn thing in person.
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#20 | ||
Registered User
![]() Join Date: Aug 2003
Location: VA
Posts: 740
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Re: Classic Truck Insurance
Quote:
Quote:
I have, and will only have, Hagerty. ![]() Full coverage, plus 10-mile free towing; $170/yr. ![]() And yep, it's in a locked garage. And yep, I only drive it on sunny days and weekends for Shows. I'm also a Shriner, so I do Parades with our Car Club. I drive mine Maybe, 2000 miles a year, Maybe. Lee is right. If you have a place to keep it locked up and keep it stored, then you should consider a Hagerty or Grundy, but for you "Daily Drivers" I wouldn't consider Specialty insurance, you really need a regular insurance company, cause if, as Lee said, if it gets vandalized, stolen or generally F'd up, then you are, at least covered for something. It can be a hard road when you have a "classic" vehicle and you have no choice but to get regular insurance. Before I had Hagerty, I lived in a house with a double car port, but not enclosed. Hagerty wouldn't insure me due to their requirements. So, I had to get Geico. For that one year of Geico, they only gave me an agreed value of $4,500. I about threw up when I got that news. Do yourself a favor, get as much coverage as you can afford. Sit down with a local rep and go through a plan to see what you can afford and what kind of coverage you can get. Search on here for threads from other guys and their tales of "Claim-hell". If you have a garage or a solid place to store it out of harms way, do yourself a serious favor and get Specialty insurance, worth every penny. And if you do get specialty insurance, Don't get your panties in a bunch if they say you can only drive so-many miles: "Oh no, I can only drive it 2000 miles a year, Blah, Blah, Blah". ![]() If you're gonna tag it as a "Antique" and then use it as your Daily transportation and you get in an accident, I have absolutely no sympathy for ya and neither will they. Saw that happen to a guy around these parts some years ago who was using a 1974 C-30 stake body for his Lawn business and he had it tagged as an Antique and it got creamed, bent the frame, the whole nine. Insurance company found out he was using it as his business vehicle and not only refused his claim, but sued him for breach of contract........and Won.
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1968 SWB. GMPP 350/350 Turbo Trans, Edelbrock Performer & Carb. Hedman Hedders, Hooker Aerochambers Mufflers. Tuff Stuff Alternators. Remember, no matter where you go, There you are. Gary |
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#21 | |
Senior Member
Join Date: Nov 2004
Location: Vacaville, CA
Posts: 2,272
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Re: Classic Truck Insurance
Quote:
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#22 |
~Rest In Peace~
Join Date: May 2005
Location: CALIFORNIA NOR CAL
Posts: 9,707
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Re: Classic Truck Insurance
i dont need insurance its going to be trailer queen
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is it fast ? it has a lighting bolt donut? B___H please, I can remove 90% of your so called "beauty" with a kleenex |
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#23 |
Registered User
![]() Join Date: Aug 2003
Location: VA
Posts: 740
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Re: Classic Truck Insurance
I really hope you're kidding.
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1968 SWB. GMPP 350/350 Turbo Trans, Edelbrock Performer & Carb. Hedman Hedders, Hooker Aerochambers Mufflers. Tuff Stuff Alternators. Remember, no matter where you go, There you are. Gary |
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#24 | |
Registered User
Join Date: Nov 2009
Location: maine
Posts: 2,315
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Re: Classic Truck Insurance
Quote:
I have had JC taylor in the past, they were great to work with to.
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1972 C10 Deluxe.Shortbed. 402/400. A/C, white interior, needs complete restore. Project Red, white and blue. Used to be a Longbed apperently. http://67-72chevytrucks.com/vboard/s...d.php?t=451950 1971 c10 step 250 3 OTT 1969 c30 TOW-MATER. 307 4 speed, holmes 440 body. http://67-72chevytrucks.com/vboard/s...d.php?t=451082 2006 CTS-V LS2 6spd. |
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#25 |
Moderator
![]() Join Date: Jul 2006
Location: Ozark, MO
Posts: 4,919
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Re: Classic Truck Insurance
I've had Hagerty and now American Collector which is less expensive. Both require you are over 25, don't have any young drivers in the house, own an insured primary vehicle, garage it, have a clean driving record and aren't using the vehicle for business or transportation purposes. It's pretty restrictive but fortunately I meet those guidelines.
Here's where I get a little bothered with these "agreed value" policies. Along with restricting use to "pleasure" driving which is poorly defined the fine print also says no driving to work. Well last year the only time I was able to drive my truck was from my house to my office 6 miles away on a few sunny days. I called and the agents will tell you that "it's no big deal" but they don't refer to conversations when paying a claim...the fine print still says no driving to work so I consider that a liability. Other than that I like my policy. FYI I switched from Hagerty to American Collector because they are more bare bones and cheaper. I was able to opt out of towing and some other fluff I don't need to save some money. Hagerty was good but the first year it was around $200, and within a couple years they wanted to charge over $400 for the same coverage...I didn't appreciate this practice so I shopped around.
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'86 GMC C30 Crew ~ '86 C20 Crew ~ '79 K15 Sierra Grande ~ '76 Blazer 2wd ~ '74K10 ~ '71 Cheyenne swb ~'50 3100 bagged ~ '80 Wife ~ Late model kids
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